Tulip Mania was a period in the Dutch Golden Age during which the prices of tulip bulbs reached extraordinarily high levels and then suddenly collapsed. It is generally considered to be the first recorded speculative bubble in history. During this time, the demand for tulip bulbs was so high
Tulips are spring-blooming perennial herbaceous bulbiferous geophytes in the Tulipa genus. Their flowers are usually large, showy, and brightly coloured, generally red, orange, pink, yellow, or white. They often have a different coloured blotch at the base of the tepals, internally. Because of a degree of variability within the populations and a long history of cultivation, classification has been complex and controversial. The tulip is a member of the lily family, Liliaceae, along with 14 other genera, where it is most closely related to Amana, Erythronium, and Gagea in the tribe Lilieae.